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The Flight Centre Travel Group Ltd (ASX: FLT) share price outperformed the broader market in August, gaining 3.95% over the course of the month.

After closing July trading at $17.22, the stock lifted to finish Wednesday’s session at $17.90.

For comparison, the S&P/ASX 200 Index (ASX: XJO) lifted just 0.6%. At the same time, the company’s home sector – the S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ) – slumped 0.2%.

So, what sent the travel giant’s share price soaring above the ASX 200 last month? Let’s take a look.

What drove the Flight Centre share price in August?

The Flight Centre share price stretched its wings in the August earnings season. It lifted to fly higher than the broader market despite dipping 4.5% on the back of the travel giant’s full-year results.

It posted $1 billion of revenue for financial year 2022 – a 154% increase on that of financial year 2021. But that wasn’t enough to boost its bottom line into the green.

Flight Centre recorded a $272.6 million after-tax loss for the period while its earnings before interest, tax, depreciation, and amortisation (EBITDA) came to a $200 million loss.

On a more positive note, the company’s global corporate business ended the year with a $13.5 million profit. Its leisure business also returned to profit in the final quarter.

And it may have been more than the company’s earnings driving its stock higher in August.

The Flight Centre share price lifted 7% over the final two sessions of last month amid rumours the company could be getting ready to make some major merger and acquisition moves.

The company responded to speculation of its potential acquisition of US travel company Altour International on Tuesday. It neither confirmed nor denied the rumours, saying:

While it is company policy to not respond to media speculation, the company has had, and continues to have, various discussions with a number of parties regarding strategic opportunities.

As of the final close of August, the Flight Centre share price was 3.8% lower than it was at the start of 2022. For comparison, the ASX 200 recorded a 7.9% tumble over the same period.

The post Why did the Flight Centre share price beat the ASX 200 in August? appeared first on The Motley Fool Australia.

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More reading

• What’s the outlook for the Flight Centre share price in September?
• Why is the Qantas share price beating the ASX 200 on Wednesday?
• Flight Centre share price up amid M&A rumours
• These are the 10 most shorted ASX shares
• Here’s what brokers are saying about the Flight Centre share price

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Flight Centre Travel Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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It’s that time of the year once again folks. The August earnings season has been and gone, and it brought plenty of dividends for those invested in S&P/ASX 200 Index (ASX: XJO) shares.

A whopping $42.3 billion worth, in fact. And it’s not too late to get a slice of the action.

Here are some ASX 200 shares still offering dividends for new investors.

5 ASX 200 shares still offering new shareholders dividends

ASX 200 companies reporting either half or full-year earnings over the month of August declared a total of $42.3 billion worth of dividends, according to analysis by CommSec.

That marks a 1.7% year-on-year fall and a 6.1% tumble from February’s record dividend offerings.

More than one in five ASX 200 shares reporting full-year earnings paid a dividend, with 61% bolstering their payout and 27.4% cutting it.

But there’s no reason for onlookers to feel left out.

There are still numerous ASX 200 shares that haven’t traded ex-dividend yet. That means investors who jump on board now will still get their share of a company’s upcoming payout.

Woodside Energy Group Ltd (ASX: WDS)

ASX 200 energy share Woodside tripled its half-year dividend last month, offering shareholders US$1.09 per share. It’s also fully franked, meaning the payout could bring additional benefits to some investors at tax time.

And there’s still plenty of time to jump on board to receive the offering. Woodside doesn’t trade ex-dividend until Thursday.

CSL Limited (ASX: CSL)

The ASX 200 biotherapeutics share offered a 10% franked final dividend of US$1.18 per share for financial year 2022.

Would-be investors wishing to get a hold of the payment have until Tuesday to snap up CSL shares.

Origin Energy Ltd (ASX: ORG)

ASX 200 energy producer and retailer upped its final dividend to 16.5 cents per share – more than double that of financial year 2021 and its largest dividend since 2015. The offering is also 75% franked.

Those who wanted to jump on board for the dividend have until Tuesday to buy into the company.

BlueScope Steel Limited (ASX: BSL)

BlueScope Steel held its final dividend steady at an unfranked 25 cents last month.

The company will pay it out to those holding its shares as of Monday’s close.

Fortescue Metals Group Limited (ASX: FMG)

Finally, the iron ore giant was among the 27% of ASX 200 shares slashing their dividend in August. It cut its fully franked final offering by 43% to $1.21 per share.  

But market watchers can still receive a slice of the reduced pay-out, as long as they’re on board the company’s register when the market closes tonight. The stock will trade ex-dividend on Monday.

The post ASX 200 shares declared $42b of dividends in August. Here’s how you can get a slice appeared first on The Motley Fool Australia.

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More reading

• Hoping to bank the latest Fortescue dividend? Here’s what you need to do
• 5 things to watch on the ASX 200 on Friday
• Blocked again: Here’s what happened to ASX 200 shares last time the Suez was cut off
• How did ASX 200 dividend shares stack up in August?
• Reason for hope as ‘worst month of the year’ starts off badly

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended CSL Ltd. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Qantas Airways Limited (ASX: QAN) share price was a strong performer in August, rising by around 17%.

All of that gain actually came in the last week of the month.

Reporting season is a very interesting time because it gives investors and analysts a look ‘under the hood’ of businesses. We can get detailed financial analysis and commentary on how an ASX company has performed over the last six or twelve months.

Investors appeared to like what Qantas reported because it was after the release of the FY22 result that the airline’s shares experienced that big boost.

Let’s go through a quick reminder of what the airline said.

FY22 earnings recap

Qantas said that for the 12 months to 30 June 2022, the underlying loss before tax was $1.86 billion. The statutory loss before tax was $1.19 billion. The difference between these two measures largely reflects the $686 million net gain on the sale of surplus land. This helped reduce COVID-era debt.

However, it managed to generate positive earnings before interest, tax, depreciation, and amortisation (EBITDA) of $281 million after making $526 million of EBITDA in the second half.

Qantas revealed that its domestic operations were profitable at the underlying earnings before interest and tax (EBIT) level in the fourth quarter. Profitability can be an important factor for investors when thinking about the Qantas share price.

The airline told investors that it has seen a huge increase in forward travel demand since borders reopened.

There has been a lot of media attention on the disappointing customer experience in recent months. But Qantas said contact centre wait times, cancellation rates, and mishandled bag rates are “trending back towards pre-COVID standards during August 2022”.

It pointed to a “significant improvement” in on-time performance, which lifted from 52% in July to 66% in August. Qantas expects it to reach 75% in September and around 80% in October.

The balance sheet and shareholder returns may have been particularly pleasing for some investors. The net debt declined to just $3.94 billion at the end of June 2022. This was below the target range of between $4.2 billion to $5.2 billion. This was one of the factors that gave the board the confidence to launch an on-market share buyback of up to $400 million.

Promising outlook

Investors often like to look at commentary about the future, so this can also influence the Qantas share price.

Qantas said that it has entered FY23 with its balance sheet repair process “effectively complete, strong levels of travel demand and a clear path to improving its COVID-related operational challenges.”

The airline expects to complete its recovery plan in FY23. Qantas said it will deliver $1 billion in annual cost reductions. Qantas is also looking to offset inflation from FY19 to FY23 through additional cost and revenue initiatives.

The company expects fuel costs to be $5 billion in FY23, after a 60% rise in fuel prices compared to FY19. It expects higher ticket prices to recover increased fuel prices, while temporary unit cost increases will help address operational challenges.

In the first half of FY23, Qantas expects domestic capacity to reach 95% of pre-COVID levels. In the second half, the company expects it to be 106% of pre-COVID levels. International capacity is expected to be 65% of pre-COVID levels in the first half of FY23. It’s expected to increase to 84% in the second half.

Brokers remain optimistic about the airline’s ability to deliver returns. UBS rates Qantas as a buy, with a price target of $6.80. That implies a possible rise of around 30%.

The post Why did the Qantas share price rocket 17% in August? appeared first on The Motley Fool Australia.

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More reading

• 3 ASX shares to buy after reporting season (and a sector to avoid): expert
• Why is the Qantas share price beating the ASX 200 on Wednesday?
• Is the $400m buyback a good thing for Qantas shares?
• Here are the top 10 ASX 200 shares today
• Brokers name 3 ASX shares to buy today

Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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If you’re looking for ASX 200 dividend shares to buy, then you may want to check out the two listed below.

Both have recently been named as buys by analysts. Here’s why they rate them highly:

Macquarie Group Ltd (ASX: MQG)

The first ASX 200 dividend share that could be in the buy zone is investment bank Macquarie.

The team at Morgans is very positive on Macquarie and has an add rating and $215.00 price target on the company’s shares.

The broker likes Macquarie due to its exposure to long-term structural growth areas such as infrastructure and renewables. It also expects the bank to benefit from recent market volatility through its trading businesses and gain market share in Australian mortgages.

In respect to dividends, the broker is expecting partially franked dividends of $7.07 per share in FY 2023 and $7.47 per share in FY 2024. Based on the current Macquarie share price of $174.45, this will mean yields of 4.1% and 4.3%, respectively.

Medibank Private Ltd (ASX: MPL)

Another ASX 200 dividend share that has been named as a buy is private health insurer Medibank.

A recent note out of Citi reveals that its analysts have a buy rating and $4.00 price target on the company’s shares.

Citi was pleased with Medibank’s performance in FY 2022. It highlights the very strong showing from its private health insurance business and notes that the company’s FY 2023 performance should be supported by higher interest rates.

Overall, the broker is expecting this to lead to its shares providing investors with attractive dividend yields in the coming years. For example, Citi is forecasting fully franked dividends of 15.9 cents per share in FY 2023 and 16.3 cents per share in FY 2024. Based on the current Medibank share price of $3.65, this will mean yields of 4.35% and 4.5%, respectively.

The post Analysts name 2 ASX 200 dividend shares to buy now appeared first on The Motley Fool Australia.

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More reading

• Why is the ASX 200 diving 2% on Tuesday?
• 3 ASX 200 shares breaking multi-year highs on Tuesday
• Why did the Medibank share price just crack a new all-time high?
• Here are the top 10 ASX 200 shares today
• Brokers name 2 ASX dividend shares to buy

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Macquarie Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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Shares in Fortescue Metals Group Limited (ASX: FMG) have come under selling pressure since the release of the company’s full-year results.

On the operational side, the iron ore miner reported record annual shipments that exceeded the top end of guidance.

However, it wasn’t rosy on the financial part with double-digit losses registered across the board.

This led the Fortescue board to slash the final dividend by a mammoth 43% compared to the corresponding year.

Investors were quick to react on the results, sending the Fortescue share price 4.93% lower on the day.

Despite a slight recovery on the following day, the share price has tanked again over the last two days.

At yesterday’s market close, the mining giant’s shares finished at $17.64 apiece – a fall of 11% this week.

Let’s take a look at the details that you need to know about the upcoming dividend.

Be quick to secure the Fortescue dividend!

The Fortescue share price could be on the move today as investors look to scoop up the company’s final dividend.

The ex-dividend date falls on Monday 5 September.

This means you have until the end of trading today to buy the miner’s shares to be eligible for the dividend – provided you keep them until Monday morning.

Keep in mind that when a company’s shares trade ex-dividend, the share price tends to fall in proportion to the dividend paid out. However, this can vary depending on how the market is tracking for the day, as well as investor sentiment.

If you make the cut, you’ll receive a fully franked dividend payment of $1.21 per share on 29 September.

This brings the total dividend for FY 2022 to $2.07 per share, reflecting a 42% reduction from the $3.58 per share declared in the prior corresponding year.

Furthermore, there’s a dividend reinvestment plan (DRP) should you wish to add more Fortescue shares to your holdings.

The last date to participate in the DRP is Wednesday 7 September.

There’s no DRP discount and the reinvestment price will be decided upon the volume-weighted average price (VWAP) between 8 September and 14 September.

Fortescue share price snapshot

Since the start of 2022, the Fortescue share price has fallen 8% as the price of iron ore continues to retreat.

In comparison, the S&P/ASX 200 Resources (ASX: XJR) sector is flat over the same period.

Fortescue commands a market capitalisation of approximately $54.31 billion and has a dividend yield of 11.73%.

The post Hoping to bank the latest Fortescue dividend? Here’s what you need to do appeared first on The Motley Fool Australia.

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More reading

• Reason for hope as ‘worst month of the year’ starts off badly
• When will Fortescue’s hydrogen business produce revenue?
• What’s going wrong for ASX 200 iron ore shares on Wednesday?
• Goldman Sachs warns that the Fortescue share price could crash 36% lower
• Can Twiggy really build Fortescue into a ‘green global energy and metals machine’?

Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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ASX 200 bank shares have long been known (perhaps primarily) for their dividends. And even though Bendigo and Adelaide Bank Ltd (ASX: BEN) is not a member of the exclusive big four, it still lives up to this reputation.

Bendigo Bank reported its full-year earnings for FY22 last month. It announced a 6.9% slide in net profits after tax (NPAT) to $488.1 million at the time. But even so, the final dividend that the bank declared came in at 26.5 cents per share, fully franked. That was consistent with FY21’s final dividend of the same amount.

This final dividend will bring Bendigo Bank’s total for FY22 to 53 cents per share, slightly down from FY21’s total of 54.5 cents per share.

When this dividend hits investors’ bank accounts on 29 September, it will give Bendigo and Adelaide Bank shares a healthy dividend yield of 5.94%. That’s going off yesterday’s closing share price.

Dividend from Bendigo Bank incoming

So if you’re an investor hoping to deposit this latest dividend from Bendigo Bank, what do you need to do?

Well, time is of the essence. This dividend is only arriving later this month. But the Bendigo Bank share price is scheduled to trade ex-dividend for the payment on Monday, 5 September.

This means that you need to own the shares by the end of today’s trading session. When a company trades ex-dividend, the value of the dividend leaves the share price. That’s because new investors are not entitled to receive it. Thus, its value is no longer counted by the market in the share price. So don’t be surprised if we indeed see a bit of a dip in Bendigo and Adelaide Bank shares on Monday.

Bendigo Bank is offering investors both a dividend reinvestment plan (DRP) and a bonus share scheme for this dividend. So if investors wish to receive additional shares in lieu of a cash payment, they will need to make this known by 7 September.

At the last Bendigo and Adelaide Bank share price, this ASX 200 bank share had a market capitalisation of $5.11 billion. That’s with a price-to-earnings (P/E) ratio of 9.83. The Bendigo Bank share price remains down 4.1% year to date in 2022 thus far.

The post Hoping to deposit the latest Bendigo Bank dividend? Here’s what you need to know appeared first on The Motley Fool Australia.

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More reading

• Reason for hope as ‘worst month of the year’ starts off badly
• After falling 16% in 2 weeks, is the Bendigo Bank share price too cheap to miss?
• ASX reporting season weekly wrap: Winners and losers
• Why Bendigo and Adelaide Bank, Challenger, Seek, and Sims shares are dropping
• Is the Bendigo Bank share price in the buy zone following Monday’s sell-off?

Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended Bendigo and Adelaide Bank Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The August reporting season came along amid a pretty stressful environment for ASX shares.

Interest rates have risen at a speed rarely seen, increasing 175 basis points over just three months. And there could be another hike coming on Tuesday.

So amid the chaos, where would Wilsons put its clients’ money?

The stocks that Wilsons would buy right now

With consumers about to close their wallets, Wilsons head of investment strategy David Cassidy isn’t favouring a particular sector.

Rather it’s the motivation behind the spending that counts.

“We prefer service companies like Aristocrat Leisure Limited (ASX: ALL), Lotteries Corporation Ltd (ASX: TLC) and Qantas Airways Limited (ASX: QAN), which should benefit from pent-up demand for these services after COVID restrictions,” he said in a memo to clients.

Morgans also likes the gaming technology provider Aristocrat, having a buy rating with a price target of $43. That’s a tidy 20% premium from current levels.

The stock has discounted 21.4% since the start of the year.

The Lotteries Corporation only listed in its own right in May after its split from Tabcorp Holdings Limited (ASX: TAH).

The shares actually fell after the release of its full-year results, despite revenue and earnings rising.

Qantas has been in the headlines for struggling to maintain service levels this year amid huge post-COVID demand for travel.

Despite this, the company offered a $400 million share buyback last month, which sent the stock price rocketing upwards.

It’s quite the darling among professional investors at the moment. According to CMC Markets, 12 out of 15 analysts rate Qantas as a strong buy.

The stocks that Wilsons would avoid right now 

As opposed to those three ASX shares, Cassidy knows what type of stocks to avoid like the plague.

“As we stated when the RBA started to raise interest rates, we want to avoid sectors that will likely see demand erosion due to cost-of-living pressures,” he said.

Consumer goods like electronics are still areas of the market we are trying to avoid over the short term.

Indeed, despite positive annual results presented last month, JB Hi-Fi Limited (ASX: JBH) is currently rated as a sell by seven out of 16 analysts surveyed on CMC Markets.

The 2022 financial year result is now very much irrelevant as such businesses will be trading in a vastly different environment in the coming 12 months.

“We think there is evidence in earnings reports of management concern on the economic outlook so far.”

The post 3 ASX shares to buy after reporting season (and a sector to avoid): expert appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• Why is the Qantas share price beating the ASX 200 on Wednesday?
• Guess which ASX 200 CEO has sold $1.5m worth of shares in his company in the past week
• Is the $400m buyback a good thing for Qantas shares?
• 3 top ASX growth shares analysts rate as buys

Motley Fool contributor Tony Yoo has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Rio Tinto Limited (ASX: RIO) share price came under pressure with the rest of the market on Thursday.

The mining giant’s shares ended the day 2% lower at $92.52 despite announcing an agreement to acquire mining company Turquoise Hill.

This means that the Rio Tinto share price is now down 6.5% since the release of its half year results in late July.

Is the Rio Tinto share price in the buy zone?

While the recent performance of Rio Tinto’s shares has been disappointing, one leading broker appears to see it as a buying opportunity for investors in September.

According to a note out of Goldman Sachs this morning, its analysts have retained their buy rating and $121.50 price target on its shares.

Based on the current Rio Tinto share price, this implies potential upside of 31% for investors over the next 12 months.

And let’s not forget that this mining giant is traditionally a big dividend payer. Pleasingly, Goldman expects the big dividends to continue and is forecasting an 8% yield for both FY 2022 and FY 2023.

Adding this into the equation, the total potential return on offer with its shares over the next 12 months stretches to almost 40%.

What did the broker say?

This morning’s note is focused on Rio Tinto’s agreement to acquire Turquoise Hill.

Overall, Goldman is pleased with the agreement, particularly given its belief that the Oyu Tolgoi operation will be a major contributor to the company’s future earnings. It commented:

If approved the Transaction is expected to close shortly thereafter and will give RIO a 66% interest in Oyu Tolgoi [OT] (vs. the current 34% effective ownership) with the remaining 34% owned by Mongolia, simplifying the ownership structure, and allowing RIO to work directly with the Government of Mongolia to progress the project, while also strengthening RIO’s copper portfolio.

OT is one of RIO’s most important growth assets as, at its current ownership, we estimate the project will double RIO’s earnings from copper to over 25%, will be long life (+40yrs), low cost (1st quartile), has +50% expansion potential, and in our view is under explored.

In light of the above, Goldman believes the company will be getting a good deal if it completes successfully. It explained:

We value OT at US$23.5bn (from 2022) on a 100% basis at our long run copper price (US$4.1/lb real $ from 2026), and RIO’s current 34% effective share at US$9.1bn (A$8.1/sh; incl. fees). The ~US$3.3bn offer equates to an EV of US$10.4bn including TRQ’s net debt as at 30 June of US$3.8bn, which implies a valuation of US$15.7bn for 100% of OT. The offer therefore represents a 33% discount to the valuation contained in our price target, or ~0.7xNAV.

The post Is the Rio Tinto share price a buy post-earnings season? appeared first on The Motley Fool Australia.

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More reading

• 5 things to watch on the ASX 200 on Friday
• Rio Tinto share price dips despite $4.9b Turquoise Hill deal
• How did ASX 200 dividend shares stack up in August?
• Reason for hope as ‘worst month of the year’ starts off badly
• 3 mining ASX shares ripe for buying now: experts

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The A2 Milk Company Ltd (ASX: A2M) share price was a very strong performer in August.

During the month, the infant formula company’s shares recorded a gain of 22%.

This means its shares absolutely smashed the ASX 200 index, which recorded a modest 0.6% gain during the month.

Why did the A2 Milk share price smash the market?

It was looking likely to be another average month for the A2 Milk share price in August until it released its surprisingly strong full year results with three trading sessions remaining.

For the 12 months ended 30 June, A2 Milk reported a 19.8% increase in revenue to NZ$1.446.2 million and a 42.3% jump in net profit after tax to NZ$114.7 million. The latter was ahead of the market consensus estimate of NZ$113.9 million.

This was driven by double digit infant formula sales growth for both its China label and English label products. Management advised that this reflects its significant increase in marketing investment, which drove further gains in brand health metrics and record market shares.

Also giving the A2 Milk share price a boost was the company’s outlook commentary. Management provided guidance for high single digit revenue growth in FY 2023 thanks largely to its infant formula business.

But the good news doesn’t stop there. With A2 Milk sitting on a mountain of cash, it has decided to reward its long-suffering shareholders with a NZ$150 million on-market share buyback.

A2 Milk’s managing director and CEO, David Bortolussi, commented:

Our on-market buyback of up to NZ$150 million demonstrates effective capital management and the improved confidence we have in our strategy, execution and outlook.

Can its shares keep rising?

One leading broker believes the A2 Milk share price still has room to climb even after August’s heroics.

According to a recent note out of Bell Potter, its analysts have upgraded the company’s shares to a buy rating with an improved price target of $6.35.

So, with its shares currently fetching $5.70, this suggests there’s still 11.5% upside ahead for them.

The post Why did the A2 Milk share price smash the market with a 22% gain in August? appeared first on The Motley Fool Australia.

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More reading

• How do A2 Milk shares stack up against Bubs post-earnings season?
• Here are the top 10 ASX 200 shares today
• These were the best performers on the ASX 200 in August
• Broker says A2 Milk share price can keep rising
• Here are the top 10 ASX 200 shares today

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended A2 Milk. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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Brokers have been very busy in recent weeks working through updates and results.

This has led to countless recommendations being made in regard to which shares investors should buy or sell now.

Two dividend shares that have done enough to impress brokers are listed below. Here’s why they have been given the thumbs up by analysts:

Australia and New Zealand Banking Group (ASX: ANZ)

According to a note out of Citi, its analysts believe this banking giant’s shares are great value at the current level.

Citi currently has a buy rating and $29.00 price target on the bank’s shares.

The broker sees positives from ANZ’s plan to acquire the banking operations of Suncorp Group Ltd (ASX: SUN). It highlights that the deal meets a strategic objective and is being undertaken at a reasonable purchase price.

As for dividends, Citi is forecasting fully franked dividends per share of 144 cents in FY 2022 and then 165 cents in FY 2023. Based on the current ANZ share price of $22.64, this implies yields of 5.7% and 6.6%, respectively, over the next two years.

Healthco Healthcare and Wellness REIT (ASX: HCW)

A note out of Goldman Sachs reveals that its analysts are bullish on the Healthco Healthcare and Wellness REIT. It is a real estate investment trust with a focus on hospitals, aged care, childcare, life sciences, and primary care properties.

Goldman currently has a conviction buy rating and $2.08 price target on its shares.

Its analysts rate the REIT highly due to its robust balance sheet, favourable tenant mix, the resilience of healthcare and childcare assets, the expected strong future demand for assets across the care spectrum, and its attractive valuation.

In addition, the broker is forecasting good yields from Healthco Healthcare and Wellness. It expects dividends per share of 7.5 cents in both FY 2023 and FY 2024. Based on the current Healthco Healthcare and Wellness REIT unit price of $1.78, this will mean yields of 4.2% for investors.

The post Brokers name 2 ASX dividend shares to buy this month appeared first on The Motley Fool Australia.

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More reading

• What’s the outlook for ASX 200 bank shares in September?
• Why this analyst ranks ANZ shares at the bottom of the big-four-bank pile
• Are ANZ shares really offering the highest dividend yield of the big four?
• Here are 2 ASX dividend shares that analysts are tipping as buys
• Could this pose a risk to the ANZ share price in the future?

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